Valvoline Inc (VVV)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 34.03 | 35.09 | 35.44 | 88.39 | 9.43 | |
| DOH | days | 10.72 | 10.40 | 10.30 | 4.13 | 38.70 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 34.03
= 10.72
The days of inventory on hand (DOH) of Valvoline Inc have shown fluctuations over the past five years. In 2024, the DOH was 10.72 days, slightly higher compared to 10.40 days in 2023 and 10.30 days in 2022. This indicates that Valvoline held inventory for a relatively longer period in 2024 compared to the previous two years.
In 2021, the DOH was significantly lower at 4.13 days, indicating that Valvoline managed its inventory more efficiently by reducing the number of days it took to sell its inventory. However, in 2020, the DOH was notably higher at 38.70 days, suggesting that Valvoline may have faced challenges in managing its inventory efficiently during that period.
Overall, the trend in the DOH for Valvoline Inc suggests a mix of inventory management performance over the years, with variations in the efficiency of inventory turnover.
Peer comparison
Sep 30, 2024